Indonesia Insurance Report Q4 2014

Date: September 10, 2014
Pages: 82
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF), Download
ID: I3EB327F984EN

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Includes 3 FREE quarterly updates

BMI View: 2014 will likely be seen as a year of consolidation in a long period of fairly strong and, for many players, profitable growth in Indonesia's insurance sector. The main challenge, and one identified by the life insurers' trade association as well as by many of the leading life companies themselves, has been the uncertain political environment: legislative elections were held on April 9, while the presidential election - which was won by Joko Widodo - took place three months later. The impact of the uncertainty was a reluctance on the part of Indonesia's savers to investors to buy life insurance in H114. In the first three months of the year, life premiums were 7% lower than they had been in the previous corresponding period.

Press reports from mid-2014 indicated that the life insurers' trade association is looking for premiums to rise by one fifth for the calendar year as a whole, relative to 2013. The growth should be driven by lower surrenders, increased numbers of in-force policies and higher premiums per policy. We are a little less optimistic than the trade association, in that we are looking for a 16% increase in life premiums in 2014, but we agree with the assessment of the underlying dynamics. We think that data from the trade association and the companies themselves should show a surge in business through H214.
BMI Industry View
Business Environment
Industry Forecast
Total Premiums Forecast
Total Premiums
  Table: Total Gross Premiums Written (Indonesia 2011-2018)
  Table: Total Net Premiums Written (Indonesia 2011-2018)
  Table: Total Reinsurance Premiums Written (Indonesia 2011-2018)
  Table: Total Insurance Claims (Indonesia 2006-2013)
  Table: Total Insurance Assets (Indonesia 2006-2013)
Life Premiums Forecast
Life Premiums
  Table: Gross Life Premiums Written (Indonesia 2011-2018)
  Table: Net Life Premiums Written (Indonesia 2011-2018)
Life Reinsurance
  Table: Reinsurance Life Premiums Written (Indonesia 2011-2018)
Life Insurance Growth Drivers
  Table: Insurance Key Drivers, Private Health Expenditure (Indonesia 2011-2018)
  Table: Insurance Key Drivers, Disease Adjusted Life Years (Indonesia 2011-2018)
Life Claims And Payments
  Table: Life Insurance Claims (Indonesia 2006-2013)
  Table: Assets (Indonesia 2006-2013)
Non-Life Premiums Forecast
Non-Life Premiums
  Table: Gross Non-Life Premiums Written (Indonesia 2011-2018)
  Table: Net Non-Life Premiums Written (Indonesia 2011-2018)
  Table: Reinsurance Non-Life Premiums Written (Indonesia 2011-2018)
Non-Life Claims
  Table: Non-Life Insurance Claims (Indonesia 2006-2013)
  Table: Assets (Indonesia 2006-2013)
Non-Life Sub-Sector Forecast
  Table: Non-Life % Breakdown (Indonesia 2011-2018)
Motor Vehicle and Transport Insurance
  Table: Motor Vehicle Insurance (Indonesia 2011-2018)
  Table: Insurance Key Drivers, Autos (Indonesia 2011-2018)
  Table: Transport Insurance (Indonesia 2011-2018)
  Table: Insurance Key Drivers, Freight Tonnage (Indonesia 2011-2018)
Property Insurance
  Table: Property Insurance (Indonesia 2011-2018)
Liability And Credit Insurance
  Table: Credit/Financial Guarantee Insurance (Indonesia 2011-2018)
  Table: General Liability Insurance (Indonesia 2011-2018)
Industry Risk Reward Ratings
Asia Pacific Industry Risk/Reward Ratings
  Table: Asia Pacific Insurance Risk/Reward Ratings
Market Overview
Life Market Overview
  Table: Life Insurance Market (USDmn) 2007-2012
  Table: Life Insurance Market (%) 2007-2012
Non-Life Market Overview
  Table: Non-Life Insurance Market (USDmn) 2007-2012
  Table: Non-Life Insurance Market (%) 2006-2012
Company Profile
AIA Group
Manulife Financial
Prudential plc
Demographic Forecast
  Table: Indonesia's Population By Age Group, 1990-2020 ('000)
  Table: Indonesia's Population By Age Group, 1990-2020 (% of total)
  Table: Indonesia's Key Population Ratios, 1990-2020
  Table: Indonesia's Rural And Urban Population, 1990-2020
Industry Forecast Methodology
Risk/Reward Rating Methodology
  Table: Indicators
  Table: Weighting of Indicators
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